5 Mining Stocks with Heavy Insider Buying in 2024

2. Cleveland-Cliffs Inc (NYSE:CLF)

Number of Hedge Fund Investors: 39

In addition to being a dominant player in the flat-rolled steel industry, Cleveland-Cliffs Inc (NYSE:CLF) also owns multiple iron ore mines in Minnesota and Michigan. On February 1, 2024, Ron A.Bloom, a director at Cleveland-Cliffs Inc’s (NYSE:CLF) board, bought 25,000 shares of Cleveland-Cliffs Inc (NYSE:CLF) at $20.24 per share. Since February 1 through March 22 the stock has increased by about 5.15%.

As of the end of the fourth quarter of 2023, 39 out of the 933 funds tracked by Insider Monkey had stakes in Cleveland-Cliffs Inc (NYSE:CLF). The biggest stake in Cleveland-Cliffs Inc (NYSE:CLF) belongs to David Greenspan’s Slate Path Capital which owns a $142 million stake in Cleveland-Cliffs Inc (NYSE:CLF).